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Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles? (lemmy.crimedad.work)

submitted 2 months ago by CrimeDad@lemmy.crimedad.work to c/economics@lemmy.ml

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cross-posted from: https://jorts.horse/users/fathermcgruder/statuses/113008342518705813

Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles?

#economics #HarrisWalz #PriceControls #gouging

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[–] hotelbravo722@slrpnk.net 1 points 2 months ago

I agree the money is going to come from the monetary supply and government acting as buyer and distributor of goods would be incredibly problematic. A subsidy of some kind for domestic production + placing a max profit markup IMO would be a more effective method.